International Trader - Asia

Posco Steels Itself for Growth

Korea's Posco positions itself for long-term growth.

UNTIL WARREN BUFFETT'S BERKSHIRE Hathaway announced 16 months ago that it had built a 4% stake in Posco, the Korean steel maker was seen more as prey than predator in an industry dominated by giants like Arcelor Mittal (ticker: MT). In the past year, despite rising costs for materials and a slowing global economy, Posco has boosted its margins faster than most of its peers. Few now question its ability to keep growing...